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1. Company Snapshot

1.a. Company Description

Fathom Digital Manufacturing Corporation, a digital manufacturing platform, provides product development and manufacturing services in North America.It provides plastic and metal additive manufacturing, computer numerical control machining, injection molding and tooling, precision sheet metal fabrication, design engineering, urethane casting, and chemical etching.The company serves the technology, defense, aerospace, medical, automotive, and IOT sectors.


The company was founded in 1984 and is headquartered in Hartland, Wisconsin.

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1.b. Last Insights on FATH

Fathom Digital Manufacturing Corporation's 9.0% performance over the past three months can be attributed to the successful take-private acquisition by CORE Industrial Partners. This strategic move likely boosted investor confidence, driving the stock upward. The acquisition's potential to enhance operational efficiency and expand the company's capabilities may have also contributed to the positive performance.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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CORE Industrial Partners Completes Take-Private of Fathom Digital Manufacturing Corporation

May -22

Source: businesswire.com

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Fathom Digital Manufacturing Corporation Receives Non-Binding Acquisition Proposal From CORE Industrial Partners

Nov -27

Source: businesswire.com

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Fathom Digital Manufacturing to Hold Third Quarter 2023 Conference Call on Tuesday, November 14, 2023 at 8:30 am ET

Oct -31

Source: businesswire.com

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Fathom Digital Manufacturing Corporation Reports Inducement Equity Grant Pursuant to NYSE Rule 303A.08

Oct -23

Source: businesswire.com

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Fathom Digital Manufacturing Corporation Appoints Carey Chen as Chief Executive Officer

Oct -23

Source: businesswire.com

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Fathom Digital Manufacturing 1-for-20 Reverse Stock Split Becomes Effective

Sep -28

Source: businesswire.com

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NYSE to Commence Delisting Proceedings with Respect to the Warrants of Fathom Digital Manufacturing Corporation (FATH.WS)

Sep -22

Source: businesswire.com

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Fathom Digital Manufacturing Announces 1-for-20 Reverse Stock Split

Sep -18

Source: businesswire.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (10.04%)

6. Segments

Computer Numerical Control Machining

Expected Growth: 10%

Fathom Digital Manufacturing Corporation's Computer Numerical Control (CNC) Machining segment is driven by increasing demand for precision parts in aerospace, automotive, and medical industries. Growing adoption of Industry 4.0 technologies, rising need for rapid prototyping, and expanding use of CNC machining in additive manufacturing also contribute to the 10% growth rate.

Precision Sheet Metal

Expected Growth: 9%

Fathom's Precision Sheet Metal segment growth is driven by increasing demand for complex, high-precision metal components in industries such as aerospace, automotive, and medical devices. Additionally, the adoption of Industry 4.0 technologies and the need for rapid prototyping and production are fueling growth. Fathom's expertise in CNC machining, laser cutting, and 3D printing enables it to capitalize on these trends, resulting in a 9% growth rate.

Injection Molding

Expected Growth: 11%

Fathom Digital Manufacturing Corporation's 11% growth in Injection Molding is driven by increasing demand for complex, high-precision parts in industries like aerospace, automotive, and medical devices. Additionally, advancements in digital manufacturing technologies, such as 3D printing and automation, are improving production efficiency and reducing costs, further fueling growth.

Additive Manufacturing

Expected Growth: 13%

Fathom Digital Manufacturing Corporation's 13% growth in Additive Manufacturing is driven by increasing adoption in aerospace, automotive, and healthcare industries, coupled with rising demand for rapid prototyping, reduced lead times, and cost savings. Additionally, advancements in 3D printing technologies, government investments in R&D, and growing awareness of environmental benefits also contribute to this growth.

Ancillary Product Lines

Expected Growth: 8%

Fathom Digital Manufacturing Corporation's Ancillary Product Lines exhibit 8% growth driven by increasing adoption of Industry 4.0 technologies, rising demand for customized production, and expansion into new markets. Additionally, strategic partnerships, investments in R&D, and efficient supply chain management contribute to this growth.

7. Detailed Products

Additive Manufacturing

Fathom's additive manufacturing services utilize 3D printing technologies to create complex geometries and custom parts with high accuracy and precision.

CNC Machining

Fathom's CNC machining services offer high-precision, custom parts with tight tolerances and complex geometries.

Injection Molding

Fathom's injection molding services provide high-volume production of custom plastic parts with precise tolerances and complex geometries.

Urethane Casting

Fathom's urethane casting services offer rapid prototyping and production of custom parts with high accuracy and flexibility.

Tooling and Mold Making

Fathom's tooling and mold making services provide custom tooling solutions for production of plastic parts with high precision and accuracy.

Design and Engineering

Fathom's design and engineering services offer custom design, prototyping, and production of complex products with high precision and accuracy.

8. Fathom Digital Manufacturing Corporation's Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Fathom Digital Manufacturing Corporation is moderate due to the presence of alternative manufacturing technologies and suppliers.

Bargaining Power Of Customers

The bargaining power of customers is high due to the concentration of large customers in the industry, giving them significant negotiating power.

Bargaining Power Of Suppliers

The bargaining power of suppliers is low due to the availability of multiple suppliers and the company's ability to negotiate favorable terms.

Threat Of New Entrants

The threat of new entrants is moderate due to the significant capital requirements and regulatory barriers to entry in the industry.

Intensity Of Rivalry

The intensity of rivalry is high due to the presence of several established competitors and the need to constantly innovate and improve efficiency to remain competitive.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 70.23%
Debt Cost 9.60%
Equity Weight 29.77%
Equity Cost 12.59%
WACC 10.49%
Leverage 235.86%

11. Quality Control: Fathom Digital Manufacturing Corporation passed 1 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Stratasys

A-Score: 4.3/10

Value: 8.6

Growth: 2.3

Quality: 3.5

Yield: 0.0

Momentum: 8.5

Volatility: 3.0

1-Year Total Return ->

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Stock-Card
Rigetti Computing

A-Score: 4.3/10

Value: 6.0

Growth: 4.9

Quality: 4.4

Yield: 0.0

Momentum: 10.0

Volatility: 0.3

1-Year Total Return ->

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Stock-Card
Corsair Gaming

A-Score: 4.0/10

Value: 6.5

Growth: 2.7

Quality: 4.5

Yield: 0.0

Momentum: 7.5

Volatility: 3.0

1-Year Total Return ->

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Stock-Card
Fathom Digital

A-Score: 3.9/10

Value: 8.1

Growth: 4.9

Quality: 4.8

Yield: 0.0

Momentum: 5.0

Volatility: 0.7

1-Year Total Return ->

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Stock-Card
Red Cat Holdings

A-Score: 3.7/10

Value: 6.0

Growth: 2.8

Quality: 3.3

Yield: 0.0

Momentum: 10.0

Volatility: 0.3

1-Year Total Return ->

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Stock-Card
Key Tronic

A-Score: 3.2/10

Value: 8.0

Growth: 3.9

Quality: 2.1

Yield: 0.0

Momentum: 1.0

Volatility: 4.0

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

5.05$

Current Price

5.05$

Potential

-0.00%

Expected Cash-Flows